Nanoco Group (LON:NANO) Trading Down 10.1% – Here’s Why

Shares of Nanoco Group plc (LON:NANOGet Free Report) dropped 10.1% during trading on Tuesday . The stock traded as low as GBX 2.41 and last traded at GBX 2.50. Approximately 802,139 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,715,290 shares. The stock had previously closed at GBX 2.78.

Nanoco Group Price Performance

The stock has a market cap of £4.56 million, a price-to-earnings ratio of 5.00 and a beta of 0.67. The company has a current ratio of 1.83, a quick ratio of 3.57 and a debt-to-equity ratio of -4.43. The company’s fifty day moving average is GBX 3.63 and its two-hundred day moving average is GBX 5.22.

Nanoco Group (LON:NANOGet Free Report) last released its quarterly earnings results on Monday, April 20th. The company reported GBX 1.15 EPS for the quarter. Nanoco Group had a negative return on equity of 5.96% and a net margin of 9.21%.The business had revenue of GBX 770 million during the quarter. As a group, research analysts predict that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

Nanoco Group Company Profile

(Get Free Report)

Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.

Further Reading

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